Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Bill Pincus, president and CEO of Miramont Resources, speaks with Maurice Jackson of Proven and Probable about his company's latest exploration efforts in Peru. Miramonte Cerro HermosoMaurice Jackson: Joining us for a conversation is Bill Pincus, the president, director and CEO of Miramont Resources Corp. (MONT:CSE; MRRMF:OTCQB), which is developing new opportunities in world-class mining distric...Read More
BMO Capital Markets report reviewed the longer-term metrics. In a Dec. 6, 2018, research note, analyst Andrew Kaip reported that Newmont Mining Corp. (NEM:NYSE) gave updates on its 2019 and longer-term outlook, with next year's numbers being generally "in line" with some variations. Production and capital requirements came in higher and all-in sustaining cost (AISC) lower than BMO's forecasts. Ka...Read More
Market pessimism weighed on China's rebar prices in both the domestic and the export market on Tuesday December 11. Domestic Eastern China (Shanghai): 3,770-3,800 yuan ($546-550) per tonne, down 20-30 yuan per tonneNorthern China (Beijing): 3,470-3,500 yuan per tonne, down 30 yuan per tonneBuyers kept procurement rates low amid bad weather, with work suspended at many construction sites in no...Read More
A few years ago the Swiss National Bank (SNB) - which traditionally held "monetary assets" like government bonds, cash and gold to back up the Swiss franc - decided to branch out into common stocks.Continue...Read More
China's ferrous futures moved in different directions during morning trading on Tuesday December 11, with steel and coke futures prices moving up while that of coking coal fell.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,306 yuan ($478.70) per tonne, up 17 yuan per tonneMay hot-rolled coil: 3,281 yuan per tonne, up 23 yuan per tonneDalian Commodity Exc...Read More
"Very productive conversations going on with China! Watch for some important announcements!"Continue...Read More
Chinese exporters of ferro-vanadium and vanadium pentoxide (V2O5) have significantly cut offer prices to stir up some buying interest overseas, while European traders continued to take profits, applying further pressure on ferro-vanadium prices. Chinese exporters slash offers to promote buying interest Europe FeV market continues to suffer from profit-taking Europe V2O5 market plummets following F...Read More
A free tool can help traders bank big this earnings season.We are in middle of Earnings season, which means the time to bank some big wins is now.Tech stocks (AAPL, FB and BIDU) just released Earnings few days ago, and you need to position yourself now in order to make maximum profit from it.One company can help any investor do just that.They've developed a tool that predicts volatility based on...Read More
China's largest steel mill, Hebei Steel, has cut its monthly purchase price for silico-manganese, reversing the rise seen in last month's tender. The mill has offered to buy silico-manganese at 8,950 yuan ($1,296.81) per tonne for December delivery. The price includes delivery costs and payment through an acceptance draft, according to market sources in China. The latest tender is about 150 yuan l...Read More
China will reportedly reduce its tariffs on U.S. autos The wild ride continued for stocks, as the Dow, S&P 500, and Nasdaq all traded on both sides of breakeven throughout the day. Stocks jumped out to a big lead on encouraging China trade news, only to give those gains back later in the day, after President Donald Trump threatened a government shutdown while battling Senate Minority Leader Chuck...Read More
Evidence of a looming financial crisis may be growing, according to Harry Dent.The man who warned of the 2001 tech crash, the 2008 subprime financial disaster and China's recent stock market decline - years before they happened - has issued a new earth-shattering statement:"The Dow is set to embark on a catastrophic plunge...all the way down to 6,000."Harry Dent recently explained: "Nations are...Read More
It's been another wild day on Wall Street, and these three stocks are no exceptionAfter trading higher most of the day, U.S. stocks have turned lower, marking another session of intense volatility. Three names in particular making big moves are online styling platform Stitch Fix Inc (NASDAQ:SFIX), drugmaker Portola Pharmaceuticals Inc (NASDAQ:PTLA), and regenerative tissue specialist PolarityTE In...Read More
The oil ETF hit a record low earlierThe VanEck Vectors Oil Services ETF (OIH) is failing to capitalize on an up day for oil prices. After bottoming at a record low of $16 earlier, the fund -- whose main holdings include Schlumberger (SLB) and Halliburton (HAL) -- was last seen trading down 2.7% at $16.18, pacing for a fifth straight loss. This follows downwardly revised 2018 and 2019 oil price for...Read More
UG2 chrome ore suppliers are cutting offer prices to attract year-end business in China. UG2 prices drop in ChinaChinese domestic ferro-chrome prices slide, import prices steadyAlloy prices unchanged in Japan, South KoreaAlloy prices tick up in EuropeAlloy prices flat in the US UG2 chrome ore prices continued to soften in China in the week ended Friday December 7 due to suppliers cutting offer pri...Read More
CloseGain/LossGold $1243.00-$1.30Silver$14.55+$0.03XAU67.09-0.46%HUI152.82-0.78%GDM558.66-0.31%JSE Gold1249.83+2.68USD97.42+0.21Euro113.22-0.35Yen88.22-0.12Oil$51.65+$0.6510-Year2.879%+0.025T-Bond143.90625-0.15625Dow24370.24-0.22%Nasdaq7031.83+0.16%S&P2636.78-0.04% The Metals: Gold gained $5.20 to $1249.50 in London before it chopped back down to $1241.10 by midafternoon...Read More
Tonight I would like to show you some charts from the PM complex we haven’t looked at in a long time. Some of these charts will look familiar to some of our long term members as they were very helpful in the past to help us figure out what the PM complex was up to. This first chart is a ratio combo chart which has the GOLD:XAU on top and the XAU on the bottom. When the ratio is rising gold i...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
The precious metals sector has just one standoutperformer this year, and that is palladium. Lately the market for that metalhas gotten more than just hot. Developments there could have implications forthe LBMA and the rickety fractional reserve system of inventory underpinning allof the physical precious metals markets. Craig Hemke of the TF Metals Report was MoneyMetals’ podcast guest this...Read More
Learn how to protect savings and maximize returns by investing in precious metals.The U.S. Gold Bureau would like to announce the newest edition of its guide to precious metals, perfect for anyone hoping to safeguard their investments and retirement!And today, they are giving away a free copy of their Investor's Guide to Precious Metals!Their goal is to help regular investors learn the "pro" secr...Read More
The tech concern has found support at its 200-day moving averageShares of Cisco Systems, Inc. (NASDAQ:CSCO) are up 0.7% to trade at $47.20, after analysts at Wolfe Research initiated coverage with an "outperform" rating and a $56 price target -- representing expected upside of about 20% to Monday's close, and in territory not charted since 2000. This follows yesterday's win when CSCO -- along wit...Read More